eBay Inc. (EBAY), Micron Technology, Inc. (MU), Cheniere Energy, Inc. (LNG): Billionaire Seth Klarman’s Top Picks

Micron Technology, Inc. (NASDAQ:MU) falls from 30.82% of Klarman’s portfolio to just 13.55% at the end of the year, as he sold 31.95 million shares of the company that had been his largest position for the past year-and-a-half. Klarman opened the position during the second quarter of 2013, and increased it by 55% the next quarter, to 64 million shares. The entirety of that position was established at rates between $9.50 and $18.00, with shares closing 2014 at nearly 100% above the high end of the range, at $35.01.

While Micron Technology, Inc. (NASDAQ:MU) remains the top pick of David Einhorn’s Greenlight Capital this past quarter, it appears the time may have been right for Klarman to shed his position. Shares are down 7.26% year-to-date, on fears that its memory is falling behind the competition, and that Samsung will dilute the market with an abundance of inventory.

Klarman has made a bigger move into eBay Inc. (NASDAQ:EBAY), increasing his position by 52% during the past quarter with the addition of 3.22 million shares. The online auction giant is in the midst of spinning of its PayPal payment platform into a standalone company, which was pushed by activist investor Carl Icahn.

eBay Inc. (NASDAQ:EBAY) rebounded from a large dip in the middle of October following a disappointing earnings report, in addition to security concerns being unearthed about the company’s flagship auction platform. More recently, it received potentially good news when it was revealed online retail rival Amazon.com, Inc. (NASDAQ:AMZN) plans for drone deliveries had been shot down by the U.S government, at least for now. eBay also revised earnings upwards in early February, sending the stock up slightly for the year.

Lastly is Antero Resources Corp (NYSE:AR), another stock Klarman was bullish on during the fourth quarter. His stake in this stock was increased by 184% during the quarter, to 7.85 million shares, an increase of 5.09 million shares. Unlike Cheniere Energy, Inc. (NYSEAMEX:LNG), Antero is an energy stock that has suffered from the oil price swoon, losing 34.79% of its value in 2014. The stock has rallied 3.33% thus far in 2015 however, as the natural gas and oil exploration company has made a number of hedge plays against oil prices that will shield it from further volatility in 2015.

Disclosure: None